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Technology Stocks : NovAtel - Global Positioning Systems
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To: Bron-y-aur who wrote (173)7/21/1998 6:11:00 PM
From: David Rubin  Read Replies (2) of 191
 
It is very risky to hold this stock through the earnings. The valuation of the Canadian dollar plus the continued Asian crisis will hurt NovAtel. They may even post a loss for the quarter.

On the positive side, most of the bad news is probably already factored into the price of the stock, so it may not get hammered when the earnings come out. And if it is not as bad as some expect, maybe the stock will even get a boost.

But it is a huge risk. This could be the quarter that the bottom finally falls out and sends NovAtel further into penny stock land. I don't want to be negative, but I'm very happy to have escaped with only a narrow loss.

Good luck to all...
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